Cloud IAM Market Outlook from 2024 to 2034

The global sales of Cloud IAM are estimated to be worth USD 6,880.7 million in 2024 and anticipated to reach a value of USD 46,035.6 million by 2034. Sales are projected to rise at a CAGR of 20.9% over the forecast period between 2024 and 2034. The revenue generated by Cloud IAM in 2023 was USD 5,689.7 million. The market is anticipated to exhibit a Y-o-Y growth of 18.6% in 2024.

Cloud IAM, or cloud identity and access management, is a group of practices, rules, and technologies that companies use to control access to their cloud resources and services. It plays a crucial role in cloud security by making sure approved users or organizations can get into cloud-based systems and data.

Companies can use cloud IAM to create and put into action access limits, permissions, and privileges across their cloud setup. It offers a central system to manage user identities, roles, and permissions. This allows admins to give or take away access to specific resources using the principle of least privilege.

Global Cloud IAM Industry Assessment

Attributes Key Insights
Historical Size, 2023 USD 5,689.7 million
Estimated Size, 2024 USD 6,880.7 million
Projected Size, 2034 USD 46,035.6 million
Value-based CAGR (2024 to 2034) 20.9%

The cloud IAM market growing at rapid pace. More companies use cloud services, face strict rules, and need better online security. This makes Cloud IAM more popular. Companies use these tools to keep digital stuff safe, manage users easily, and follow data protection laws.

Big tech giants like Microsoft, IBM, and Oracle lead the market. They offer full IAM packages that use new tech like AI and machine learning. Experts think the market will keep growing. Healthcare, banking, and IT companies are the main ones buying these services.

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Semi Annual Market Update

The below table presents the expected CAGR for the global Cloud IAM market over several semi-annual periods spanning from 2024 to 2034. In the first half (H1) of the year from 2023 to 2033, the business is predicted to surge at a CAGR of 18.6%, followed by a slightly higher growth rate of 13.8% in the second half (H2) of the same year.

Particular Value CAGR
H1, 2023 18.6% (2023 to 2033)
H2, 2023 18.8% (2023 to 2033)
H1, 2024 20.9%(2024 to 2034)
H2, 2024 21.3% (2024 to 2034)

Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to increase slightly to 20.9% in the first half and remain relatively moderate at 21.3% in the second half. In the first half (H1) the market witnessed a decrease of 60 BPS while in the second half (H2), the market witnessed an increase of 50 BPS.

Key Industry Highlights

Increasing Collaboration and Remote Workforce will drive the cloud IAM Market.

The cloud IAM industry is growing fast due to more teamwork and remote work. Cloud IAM tools give remote staff, partners, and customers safe access limits faster login, and easier ways to work together. These systems help far-apart teams work well by offering multi-step login, one-click access to many apps, and fine-tuned control over who can do what.

Cloud IAM tools help companies keep tight security while letting remote workers do their jobs as they move to mixed work setups and use more cloud services. Cloud IAM makes it simpler to manage remote access and keeps cloud-based resources safe, private, and working by putting access rules in place handling user identities, and setting limits on what users can do across different cloud platforms and apps.

Increased cloud adoption across the industries

The growing adaption to cloud computing in many industries is driving the Cloud IAM market forward. As companies shift their work to the cloud, they need safe and effective ways to manage identities. This is key to protect important data and follow regulatory rules.

Cloud IAM solutions are scalable, flexible, and offer central control. These features make them crucial for businesses that use multiple cloud systems. Cloud IAM has an impact on how companies handle their cloud operations making them more secure and efficient.

Stringent regulatory compliance requirements

The rollout of tough data protection rules like GDPR, CCPA, and HIPAA has put companies under pressure to put into action strong IAM systems. These systems need to make sure data access is safe and block unauthorized entry. More and more companies are using cloud IAM solutions to meet these rules. These solutions offer advanced ways to check who users are, what they're allowed to do, and keep track of what's happening.

Complex Integration with Legacy Systems

A major hurdle in the Cloud IAM market is the difficulty to integrate cloud-based IAM solutions with existing on-site legacy systems. Many companies still depend on traditional IT setups, and combining these with new Cloud IAM solutions can be tricky and expensive. This combination issue can hold back the uptake of Cloud IAM solutions especially for big businesses with lots of outdated systems.

Sudip Saha
Sudip Saha

Principal Consultant

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2019 to 2023 Global Cloud IAM Sales Outlook Compared to Demand Forecast from 2024 to 2034

The global Cloud IAM industry recorded a CAGR of 20.9% during the historical period between 2019 and 2023. The growth of Cloud IAM industry was positive as it reached a value of USD 5,689.7 million in 2023 from USD 2,660.1 million in 2019.

From 2019 to 2023, the global cloud IAM market experienced vigorous growth. This growth had an impact on the wide use of cloud services more cyber threats, and strict rules. Sales of Cloud IAM solutions went up as companies focused on safe identity management to protect their digital assets and follow rules. Looking ahead.

The demand outlook from 2024 to 2034 is likely to be even more attractive. New AI-based security more remote work, and growing cloud systems will keep driving growth. The market is set to see a higher CAGR in this time. This is because more businesses are using Cloud IAM solutions to boost security, make work smoother, and deal with new threats.

Market Concentration

IBM, Microsoft, Oracle Corporation, and Intel Corporation are top players in the Cloud IAM market. They have a big market presence, offer many products, and invest a lot in research and development. IBM and Microsoft stand out by providing IAM solutions that work well for big companies in different industries.

Oracle and Intel lead the market with their strong cloud systems and advanced security. These companies use their global reach many customers, and partnerships to keep coming up with new ideas. They offer IAM solutions that use AI and can grow to fit complex setups with multiple clouds.

Broadcom, Secureworks, Inc., Hewlett Packard Enterprise, SailPoint Technologies Holdings, Inc., Okta belong in Tier 2. These companies compete and have made their mark in specific areas of the Cloud IAM market. Broadcom and Hewlett Packard Enterprise provide robust IAM solutions often part of their larger enterprise IT packages.

Secureworks and SailPoint stand out for their focus on cybersecurity and identity governance offering custom solutions that meet specific market needs. Okta is known for its easy-to-use and adaptable IAM platform, which has caught on with medium-sized businesses and groups looking for flexible cloud identity options.

OneLogin, Inc., Ping Identity Dell, DigitalOcean fall into Tier 3. These companies include niche and up-and-coming players that are making progress in the Cloud IAM market by offering new and budget-friendly solutions. OneLogin and Ping Identity aim to make the user experience easier with straightforward, cloud-based IAM services that attract small to mid-sized businesses.

Dell and DigitalOcean, while better known for their work in IT infrastructure and cloud services, are growing their IAM abilities to provide all-in-one solutions for specific customer groups startups and SMEs. These companies are getting a bigger slice of the market by meeting the needs of organizations looking for quick easy-to-set-up IAM solutions.

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Country-wise Insights

The section below covers the industry analysis for the Cloud IAM market for different countries. The market demand analysis on key countries in several countries of the globe, including USA, Germany, Italy, China and India are provided.

The united states is expected to remains at the forefront in North America, with a value share of 68.5% in 2024. In South Asia & Pacific, India is projected to witness a CAGR of 23.5% during the forecasted period.

Countries Value CAGR (2024 to 2034)
USA 17.4%
Germany 18.4%
UK 16.1%
China 21.3%
india 23.5%

Growing technological advancements in united states will drive the cloud IAM market?

The rapid tech growth in the USA looks set to boost the Cloud IAM (Identity and Access Management) market. As more companies move to cloud systems and go digital, they need better security. Cloud IAM tools make sure the right people can see sensitive info and use key systems. They offer a safe and quick way to control who gets to use cloud resources.

New advances in AI, machine learning, and biometrics are making Cloud IAM systems much better. These tools now have more complex ways to check who users are and what they can access. Also, as online threats keep getting worse, businesses see how important it is to have strong identity and access management plans to protect their digital stuff.

Rising cloud adoption in india is helping the growth of cloud IAM market?

The growing use of cloud computing in India has an influence on the expansion of the Cloud IAM (Identity and Access Management) market. As more Indian companies use cloud services to run their businesses, they need strong and safe ways to control access to protect their cloud resources and data.

Cloud IAM helps you control user identities, roles, and permissions in one place making sure the right people or groups can use important resources.

Companies in India can adjust to changing business needs and control access to their cloud setup thanks to the ability of cloud-based IAM solutions to grow and change. There's high demand for Cloud IAM in India as companies see the need for strong security and following data protection rules in their cloud setups.

China has many large enterprises and global corporations which allow It to be the Largest market for cloud IAM?

China houses many big companies and global businesses making it an important market for Cloud IAM (Identity and Access Management). As China's economy grows, companies are more and more using cloud tech to help their digital change efforts.

Cloud IAM solutions give a strong base to manage cloud resource access and protect data. With lots of companies and global businesses in China, there's a big need for good identity and access management systems that can handle many different users and tricky access needs. Also, as Chinese firms grow worldwide, Cloud IAM will matter more and more to manage identities and access across many places and cloud setups.

Category-wise Insights

The section contains information about the leading segments in the cloud IAM industry. By application, the home entertainment & multimedia control segment is estimated to grow at a CAGR of 18.3% during the forecasted period. moreover, by solution, the smart home platform segment has holding the share of 59.3% in 2024.

Why does The cloud IAM hold the highest market share in Telecom & IT?

Application Telecom & IT
Share (2024) 31.2%

Cloud Identity and Access Management (IAM) dominates the Telecom & IT market. Its popularity stems from its ability to scale, adapt, offer strong security, and cut down on admin work. This system lets companies control user identities, access rights, and permissions across many systems and apps. This flexibility is key in an industry that changes fast.

Cloud IAM also brings advanced ways to check and authorize users, keeping sensitive data safe and blocking unwanted access. On top of that, it speeds up the process of adding and removing users. It also gives a central point to manage user identities, which boosts productivity and helps meet rules and regulations.

In short, the Telecom & IT field leans towards Cloud IAM because it can grow with the business, has solid security, and makes operations run smoother.

Why is small & mid-sized enterprises (SMEs) dominating in the cloud IAM?

Tools Small & Mid-Sized Enterprises (SMEs)
CAGR (2024 to 2034) 23.5%

Small and Mid-Sized Enterprises (SMEs) dominate the cloud identity and access management (IAM) field for several key reasons. SMEs often work with tight budgets and limited resources so cloud IAM helps them save money compared to traditional on-premises systems.

The pay-as-you-go model of cloud IAM allows SMEs to use top-notch security and identity management features without spending big money upfront on infrastructure or hiring specialized IT staff. Cloud IAM solutions are scalable and flexible, which means SMEs can grow and change their identity management systems without expensive infrastructure upgrades or tricky migrations.

Cloud IAM has an influence on improved security helping SMEs boost their compliance and security abilities. It makes admin tasks easier and operations more productive. Also, SMEs can set up their identity management systems fast because cloud IAM tools are easy to use and don't need much tech know-how.

To quicken adoption and ensure smooth teamwork many cloud IAM platforms now have ready-made links with popular cloud services, work tools, and business apps.

Competitive Landscape

The Cloud IAM market is dominated by key players like Microsoft, IBM, and Oracle, who lead with robust, enterprise-focused solutions. They lead by offering strong, business-focused solutions. Okta and SailPoint are making headway. They provide specialized adaptable IAM services.

Newer companies like OneLogin and Ping Identity target smaller businesses. They focus on easy-to-use affordable platforms. The industry keeps changing. Companies form strategic partnerships and come up with new ideas. They compete for a bigger piece of this fast-growing market.

Recent Industry Developments in Cloud IAM Market

  • In Apr 2024, Cyderes, a company that provides cybersecurity services around the world, has bought Ipseity Security, a Canadian firm that focuses on identity and access management (IAM). This purchase aims to boost Cyderes' knowledge in cloud identity, access governance, and privileged access management. The deal will strengthen Cyderes' highly-regarded IAM division bringing together more than 250 IAM experts and enabling the company to grow its services within the entire IAM field.
  • In Jan 2023, Saviynt, an identity management company based in Los Angeles, has raised USD 205 million in growth funding. AB Private Credit Investors, a part of Alliance Bernstein, provided this money. Saviynt plans to use these funds to meet the growing demand for its cloud identity and access management (IAM) solutions. This highlights how important it is for IAM systems to work well with cloud technology in today's digital world.
  • In Oct 2022, Quest Software's One Identity has bought OneLogin, a company that provides cloud identity and access management (IAM). This purchase allows One Identity to offer a complete IAM package that includes privileged access management (PAM), identity governance and administration (IGA), and IAM features. This gives managed service providers (MSPs) and their clients a full cloud-friendly IAM answer to protect identities in mixed environments.

Key Players of Cloud IAM Industry

  • IBM
  • Microsoft
  • Broadcom
  • Secureworks, Inc.
  • Oracle Corporation
  • Intel Corporation
  • OneLogin, Inc.
  • Hewlett Packard Enterprise
  • Sailpoint Technologies Holdings, Inc.
  • Ping Identity
  • Okta
  • Dell
  • DigitalOcean

Key Segments of Cloud IAM Industry

By Solution:

In terms of Solution, the industry is segregated into Cloud IAM Platform and Standalone Software.

By Enterprise Size:

In terms of Enterprise Size, the End User is distributed into Small and Medium-sized Enterprises (SMEs) and Large Enterprises.

By Industry:

In terms of Industry, the End User is distributed BFSI, Telecom & IT, Energy and Utilities, Healthcare, Manufacturing, Education, Retail and Others

By Region:

Key countries of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & pacific, Middle East and Africa (MEA) have been covered in the report.

Frequently Asked Questions

What is the future of global Cloud IAM industry?

The global Cloud IAM industry is projected to witness CAGR of 20.9% between 2024 and 2034.

What was the worth of the global Cloud IAM industry in 2023?

The global Cloud IAM industry stood at USD 5,689.7 million in 2023.

What will the worth of global Cloud IAM industry by 2034 end?

The global Cloud IAM industry is anticipated to reach USD 46,035.6 million by 2034 end.

Which region to showcase the highest CAGR during forecast period?

East Asia is set to record the highest CAGR of 24.6% in the assessment period.

Who are the key Players of global Cloud IAM industry?

The key players operating in the global Cloud IAM industry include IBM, Microsoft, Broadcom, Secure works Inc., Oracle Corporation and Intel Corporation and others.

Table of Content
1. Executive Summary
2. Industry Introduction, including Taxonomy and Market Definition
3. Market Trends and Success Factors, including Macro-Economic Factors, Market Dynamics, and Recent Industry Developments
4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
5. Pricing Analysis
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
    6.1. Solutions
    6.2. Enterprise Size
    6.3. Industry
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Solutions
    7.1. Cloud IAM Platform
    7.2. Standalone Software
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Enterprise Size
    8.1. Small & Mid-Sized Enterprises (SMEs)
    8.2. Large Enterprises
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Industry
    9.1. BFSI
    9.2. Telecom & IT
    9.3. Energy and Utilities
    9.4. Healthcare
    9.5. Manufacturing
    9.6. Education
    9.7. Retail
    9.8. Others
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
    10.1. North America
    10.2. Latin America
    10.3. Western Europe
    10.4. Eastern Europe
    10.5. East Asia
    10.6. South Asia and Pacific
    10.7. Middle East and Africa
11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
17. Middle East and Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
18. Sales Forecast 2024 to 2034 by Solutions, Enterprise Size and Industry for 30 Countries
19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
20. Company Profile
    20.1. IBM
    20.2. Microsoft
    20.3. Broadcom
    20.4. Secureworks, Inc.
    20.5. Oracle Corporation
    20.6. Intel Corporation
    20.7. OneLogin, Inc.
    20.8. Hewlett Packard Enterprise
    20.9. Sailpoint Technologies Holdings, Inc.
    20.10. Ping Identity
    20.11. Okta
    20.12. Dell
    20.13. DigitalOcean
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